The Wall Street Journal is reporting that investors in the $1.5 billion BitMEX IPO will be able to buy shares at $1 each, the lowest price in the industry.
This is a big deal for the company, as it’s one of the most active bitcoin exchanges.
A BitMex spokesperson confirmed the report, and said the company will use the lower price to “help educate the general public about bitcoin and bitcoin trading.”
The WSJ also reports that the IPO is expected to be delayed until after the end of May, which is the start of the financial year.
The stock market has been highly volatile this year, as investors are scrambling to buy and sell stocks ahead of the holiday shopping season.